Strong close for stock indices. S&P and NASDAQ close at session highs

The momentum from last week’s move higher started with a less hawkish Fed and the tamer US jobs report continued today with the NASDAQ in S&P index leading the way. Both those indices closed at/near session highs. The Russell 2000 also advanced solidly.

The final numbers are showing:

• Dow Industrial Average Rich Rose 176.59 points or 0.46% at 38852.26
• S&P index was 52.93 points or 1.03% at 5180.73
• NASDAQ index rose 192.92 points or 1.19% at 16349.25.

The small-cap Russell 2000 rose by 24.95 points or 1.23% at 2060.67.

After the close some earnings showed:

Pallantir:

• EPS $0.08 versus $0.08 expected.
• Revenues $0.634 billion versus $0.63 billion as expected

Lucid:

• EPS $-0.30 versus expected $-0.25
• Revenues $0.173 billion versus expected $0.16 billion
• Delivered vehicles 1967 (up 40% YoY). Expected 1698

This article was written by Greg Michalowski at www.forexlive.com.